020 7898 0500Despite a lack of data releases and public holidays in both Italy and France, the euro found further strength against both sterling and the US dollar on Monday – leaving sterling at fresh three year lows against the single currency. Against the US dollar, the euro happily returned to the 1.12 level that we briefly saw at the end of last week, suggesting the weak data from the US was continuing to have an impact.
This morning will see the release of German ZEW economic sentiment data, which is forecast to improve greatly to 2.1 from last month’s -6.8. Further data releases come in the way of European trade balance; this is expected to reduce slightly from last month at 23.2 billion.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
